Inter In Negotiations With Evergrande, Hisense & Samsung Over Potential Sponsorship, Italian Media Claim

Inter In Negotiations With Evergrande, Hisense & Samsung Over Potential Sponsorship, Italian Media Claim
December 30, 2020 22:00
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Inter’s owners Suning are seeking fresh investment in the club according to a report from the online edition of Italian daily newspaper Gazzetta dello Sport.

Suning, whose ownership of Inter is not in question, moved back in November to find new investors into the club, which has been impacted financially by the COVID-19 pandemic.

The first party to be involved in talks is a large American investment bank, the Asian division of Goldman Sachs. The mandate in this type of business could also be given to a second advisor and JP Morgan would be involved to renew the €375 million bond that is due to expire in December 2022.

Suning hope to find an investor without getting their hands tied. It is unthinkable that the whole process will be sorted in a short time.

It is equally unthinkable that ex-Inter president and owner Massimo Moratti could return in some capacity.

The report goes on to explain that Inter are continuing to look for a new main shirt sponsor. Inter hope to reach an agreement with a new company that will see them go from earning €15 million a year from Pirelli to somewhere between €30-35 million.

Inter are in negotiations with three companies, Chinese company Evergrande, who are in pole position with their Hengchi brand, and they are also negotiating with Hisense and Samsung.

By Cammy Anderson